TY  - JOUR
AU  - Romalis,John
TI  - Market Access, Openness and Growth
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13048
PY  - 2007
Y2  - April 2007
UR  - http://www.nber.org/papers/w13048
L1  - http://www.nber.org/papers/w13048.pdf
N1  - Author contact info:
John Romalis
Booth School of Business
University of Chicago
5807 South Woodlawn Avenue, Ste. 421
Chicago, IL 60637
Tel: 773/834-9173
E-Mail: jromalis@ChicagoBooth.edu
AB  - This paper identifies a causal effect of openness to international trade on growth. It does so by using tariff barriers of the United States as instruments for the openness of developing countries. Trade liberalization by a large trading partner causes an expansion in the trade of other countries. Trade expansion induced by greater market access appears to cause a quantitatively large acceleration in the growth rates of developing countries. Eliminating existing developed world tariffs would increase developing country trade to GDP ratios by one third and growth rates by 0.6 to 1.6 percent per annum.
ER  -